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Ministry of Commerce & Industry
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INDIA’S FOREIGN TRADE DATA: DECEMBER 2020
India’s overall exports  in April-December2020-21are estimated to be USD 348.49Billion, exhibiting a negative growth of 12.65per cent over the same period last year. Overall imports in April-December 2020-21are estimated to be USD 343.27Billion, exhibiting a negative growth of  25.86per cent over the same period last year.Note: i) The latest data for services sector released by RBI is for November 2020. The data for December 2020 is an estimation, which will be revised based on RBI’s subsequent release ii) the figures in bracket are growth rates vis-à-vis corresponding period of last year.
I. MERCHANDISE TRADE
EXPORTS 
- Exports inDecember2020 were USD27.15Billion, as compared to USD27.11Billion in December 2019, exhibiting a positive growth of 0.14per cent. In Rupee terms, exports were Rs. 1,99,770.58Crore in December2020, as compared to Rs. 1,92,984.47Crore in December2019, registering a positive growth of 3.52 per cent.
- The commodities/commodity groups which have recorded positive growth during December 2020 vis-à-vis December 2019 are Other cereals , Oil meals , Iron ore , Cereal preparations & miscellaneous processed items , Jute mfg. including floor covering , Handicrafts excl. hand-made carpet , Carpet , Ceramic products & glassware , Drugs & pharmaceuticals , Spices , Electronic goods , Fruits & vegetables , Organic & inorganic chemicals , Rice , Mica, Coal & other ores, minerals including processed minerals , Cotton yarn/fabs./made-ups, handloom products etc. , Meat, dairy & poultry products , Gems & jewellery , Tea  and Engineering goods .
- The commodities/commodity groups which have recorded negative growth during December 2020 vis-à-vis December 2019 are Petroleum products , Oil seeds , Leather & leather products , Coffee , RMG of all textiles , Man-made yarn/fabs./made-ups etc. , Marine products , Cashew , Plastic & Linoleum  and Tobacco .
- Cumulative value of exports for the period April-December 2020-21 was USD200.80Billion  as against USD238.27Billion  during the period April-December 2019-20, registering a negative growth of  15.73per cent in Dollar terms  10.83per cent in Rupee terms).
- Non-petroleum and Non-Gems and Jewellery exports in December 2020 were USD22.22Billion, as compared to USD21.06Billion in December2019, registering a positive growth of 5.50per cent. Non-petroleum and Non-Gems and Jewellery exports in April-December 2020-21 were USD166.33Billion, as compared to USD178.15Billion for the corresponding period in 2019-20, which is a decrease of  6.63 per cent.
IMPORTS
- Imports in December2020 were USD42.59Billion , which is an increase of7.56per cent in Dollar terms and 11.18per cent in Rupee terms over imports of USD39.59Billion  in December2019. Cumulative value of imports for the period April-December 2020-21 was USD258.27Billion , as against USD364.18Billion  during the period April-December 2019-20, registering a negative growth of  29.08per cent in Dollar terms and a negative growth of  24.97per cent in Rupee terms.
- Major commodity groups of import showing negative growth in December2020 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
- Oil imports inDecember2020 were USD9.58Billion , which was 10.61percentlower in Dollar terms , compared to USD10.72Billion  in December2019. Oil imports inApril-December 2020-21 were USD53.69Billion  which was 44.49per cent lower in Dollar terms  compared to USD96.71Billion , over the same period last year.
- In this connection it is mentioned that the global Brent price  has decreased by 24.27% in December2020 vis-à-vis December2019 as per data available from World Bank.
- Non-oil imports inDecember2020 were estimated at USD33.00Billion  which was 14.30percent higher in Dollar terms , compared to USD28.88Billion  in December2019. Non-oil imports inApril-December 2020-21 were USD204.58Billion  which was 23.51per cent lower in Dollar terms , compared to USD267.47Billion  in April-December2019-20.
- Non-Oil and Non-Gold imports wereUSD28.52Billion in December2020, recording a positive growth of 7.99per cent, as compared to Non-Oil and Non-Gold importsof USD 26.41Billion in December2019. Non-Oil and Non-Gold imports wereUSD187.80Billion in April-December 2020-21, recording a negative growth of  23.16per cent, as compared to Non-Oil and Non-Gold imports ofUSD 244.42Billion in April-December 2019-20.
II. TRADE IN SERVICES
EXPORTS 
- As per the latest press release by RBI dated 15thJanuary 2021, exports in November2020 were USD 17.08Billion  registering a negative growth of  5.09per cent in Dollar terms, vis-à-vis November2019. The estimated value of services export for December2020is USD 17.31Billion.
IMPORTS 
- As per the latest press release by RBI dated 15th January 2021, imports in November 2020 were USD 10.12Billion  registering a negative growth of  11.79per cent in Dollar terms, vis-à-vis November2019. The estimated value of servicesimport for December2020is USD 10.32Billion.
III.TRADE BALANCE
- MERCHANDISE: The trade deficit for December2020 was estimated at USD15.44Billion as against the deficit of USD12.49Billion inDecember2019, which is anincrease of 23.66 percent.
- SERVICES: As per RBI’s Press Release dated 15th January 2021, the trade balance in Services  for November 2020 is USD6.96Billion. The estimated trade balance in December 2020is USD 6.99Billion.
- OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade surplus for April-December 2020-21is estimated at USD5.22Billion as compared to the deficit of USD64.09Billion in April-December 2019-20.Note: The latest data for services sector released by RBI is for November2020. The data for December2020 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS &IMPORTS : 
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DECEMBER
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APRIL-DECEMBER
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EXPORTS
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2019-20
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27.11
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238.27
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2020-21
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27.15
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200.80
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%Growth 2020-21/ 2019-20
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0.14
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-15.73
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IMPORTS
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2019-20
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39.59
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364.18
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2020-21
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42.59
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258.27
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%Growth 2020-21/ 2019-20
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7.56
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-29.08
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TRADE BALANCE
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2019-20
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-12.49
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-125.91
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2020-21
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-15.44
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-57.47
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EXPORTS &IMPORTS: 
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DECEMBER
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APRIL-DECEMBER
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EXPORTS
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2019-20
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1,92,984.47
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16,77,370.97
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2020-21
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1,99,770.58
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14,95,705.96
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%Growth 2020-21/ 2019-20
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3.52
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-10.83
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IMPORTS
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2019-20
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2,81,880.86
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25,62,539.91
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2020-21
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3,13,407.53
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19,22,790.49
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%Growth 2020-21/ 2019-20
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11.18
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-24.97
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TRADE BALANCE
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2019-20
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-88,896.39
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-8,85,168.94
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2020-21
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-1,13,636.95
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-4,27,084.53
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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November 2020
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April-November 2020-21
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EXPORTS 
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17.08
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130.37
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IMPORTS 
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10.12
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74.68
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TRADE BALANCE
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6.96
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55.69
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EXPORTS & IMPORTS : 
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November 2020
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April-November 2020-21
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EXPORTS 
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1,26,767.42
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9,74,925.64
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IMPORTS 
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75,110.44
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5,58,383.77
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TRADE BALANCE
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51,656.98
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4,16,541.88
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Source: RBI Press Release dated 15th January2021
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